Lakeway, TX -- (SBWIRE) -- 02/20/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Tesla Motors Inc (NASDAQ:TSLA) shares fell 1.88% and closed at $38.54 in the last trading session. Tesla Motors Inc.'s fourth-quarter loss widened as higher costs at the electric-car maker masked a surge in revenue. For the quarter ended Dec. 31, Tesla reported a loss of $89.9 million, or 79 cents a share, compared with a year-earlier loss of $81.5 million, or 78 cents a share. Excluding factors such as stock-based compensation, Tesla reported a per-share loss 65 cents compared with a loss of 69 cents a share a year earlier.
Revenue surged to $306.3 million from $39.4 million a year earlier.
Analysts polled by Thomson Reuters recently forecast a loss of 53 cents a share on revenue of $298.4 million.
How Should Investors Trade TSLA After The Recent Movement? Find Out Here
KBR, Inc. (NYSE:KBR) shares fell 3.79% to $30.96. For the latest quarter, KBR reported a profit of $30 million, or 20 cents a share, down from $90 million, or 60 cents a share, a year earlier. Revenue fell 11% to $1.87 billion.
Analysts polled by Thomson Reuters most recently predicted earnings of two cents a share and revenue of $2.09 billion.
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Boston Beer Co Inc (NYSE:SAM) shares dropped 3.03% and closed at $152.94. Boston Beer Co.'s fourth-quarter profit fell 5.1% as margins slid and prior-year results included a tax-settlement gain, masking strong demand for Sam Adams seasonal brews and newer products like Angry Orchard ciders. Overall, Boston Beer reported a profit of $16.9 million, or $1.25 a share, down from $17.8 million, or $1.33 a share, a year earlier. Net revenue climbed 7.7% to $153 million. The latest results had one fewer week than the prior-year period, which also had a 16-cent gain related to a state income-tax settlement.
Analysts surveyed by Thomson Reuters expected a profit of $1.25 per share on revenue of $152 million.
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Forest Oil Corporation(NYSE:FST) shares decreased 4.88% and closed at $6.04. The company swung to a fourth-quarter loss as write-downs and debt-extinguishment costs weighed on the exploration-and-production company's results, though core earnings topped Wall Street's expectations. Forest reported a loss of $286.5 million, or $2.48 a share, compared with a year-earlier profit of $19.5 million, or 17 cents a share. Excluding a non-cash ceiling test write-down of $279 million, debt-extinguishment costs of $36 million and other items, adjusted earnings were down at 14 cents from 18 cents.
Revenue declined 12% to $154.9 million.
Analysts surveyed by Thomson Reuters had expected earnings of 10 cents on revenue of $163 million.
How Should Investors Trade FST After The Latest Earnings Report? Find Out Here
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